Abu Dhabi is assessing it's $7.5 billion investment in troubled U.S. banking giant Citigroup through convertible bonds that pay 11 percent interest but nothing has changed from its perspective, a source told Reuters on Sunday.
Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank's problems deepen and consequences of a possible nationalization become clearer, according to sources close to the Abu Dhabi Investment Authority.
Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank's problems deepen and consequences of a possible nationalization become clearer, according to sources close to the Abu Dhabi Investment Authority .
U.S. oil prices jumped more than 6 percent to above $45 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.
U.S. oil prices jumped more than 5 percent to over $44 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.
U.S. crude for April delivery gained $2.20 to trade at $44.70 a barrel by 1:45 p.m. EST. London Brent crude rose $1.60 to $45.89 a barrel.
Support also came from U.S. government data released on Wedn...
Oil rose above $44 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.
Oil rose above $43 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.
Oil rose to $43 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.
Abu Dhabi National Oil Co , the main oil supplier in the UAE, said it will sell customers less of its flagship Murban crude oil and three other main grades in April than in March.
The move ca...
GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday.
With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday.
With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
Capital Gate in Abu Dhabi is set to enter the Guinness Book of Records as the 'world's most inclined tower.' It will lean 4 times as far as Leaning Tower of Pisa.
It has spectacular beaches but is not Australia; it is one of the world’s most secure destinations but is not Singapore; it has opulent city hotels and superb beachside resorts but is neither Jakarta nor Bali. It has world class shopping but is not Hong Kong.
Dubai is becoming a key part of top business school recruitment strategies, according to the world’s largest series of international MBA and Executive MBA fairs.
Known as The Palm or Dubai's man-made island, the largest in the world, located on Dubai, UAE which major commercial and residential structure will be constructed.
Energy giant ConocoPhillips said it expects to seal a $10 billion sour gas deal with Abu Dhabi National Oil Company, the world's third largest oil exporter, according to media reports.
Shares of Manpower Inc., the global employment services company, soared Friday after the company reported that its first-quarter profit increased 27 percent, citing growth in the firm's overseas...
Commodity OnlineDUBAI: Dubai, the Asian hub for major trading in gold, is gearing up to host sixth annual Dubai City of Gold Conference. The conference will take place between April 12th and 13th at the Park Hyatt, Dubai.
Commodity Online TOKYO: Japan s Natural Resources and Energy Agency on Monday said country s crude oil imports in February rose 8.2% from a year before to 127.18 million barrels.
Commodity Online ABU DHABI: The UAE on Sunday decided to set up an agency to assess and develop a peaceful and fully transparent nuclear energy programme.
Indian workers in Gulf countries appear to be the most disgruntled employees in the Middle-East among all expatriates, a survey conducted by the Arabian Business website has revealed.
The UAE-based Emirates Trading Agency-Associated Constructions and Investments (ETA-Ascon) is reportedly in talks with jet manufacturers Embraer, Bombardier and ATR and plans to launch a new airline in India.